Mexican Central Bank Hikes Rate After Trump Win

Mexican central bank hikes rate after Trump win

MEXICO CITY, (APP - UrduPoint / Pakistan Point News - 18th Nov, 2016 ) : Mexico's central bank raised its key interest rate on Thursday after Donald Trump's election in the United States last week rocked the peso and global markets.

The bank lifted the rate by 50 basis points to 5.25 percent, saying in a statement that the election "led to an increase in volatility in financial markets of every region."